2010-06-04

Ottawa getting rid of the penny will just replace the unwanted proliferation of pennies with an unwanted proliferation of nickels. Whatever the lowest denomination is will become overabundant. If we were to get rid of the penny, I'm sure the retailers "would" round prices upward. I even noticed a retailer rounding a price upward to the nearest penny, instead of downward, which it should have done for the less than half-cent amount. Only 0.5 cents and higher should be rounded up and below 0.5 cents should be rounded down. Errors in this regard would be a lot more expensive, over time, with the nickel. Stick with the penny!